The Spider Network: The Wild Story of a Math Genius, a Gang of Backstabbing Bankers, and One of the Greatest Scams in Financial History - David Enrich

The Spider Network: The Wild Story of a Math Genius, a Gang of Backstabbing Bankers, and One of the Greatest Scams in Financial History

David Enrich

Book Details

In 2006, an oddball group of bankers, traders and brokers from some of the largest financial institutions made a startling realization: Libor�the London interbank offered rate, which determines the interest rates on trillions in loans worldwide�was set daily by a small group of easily manipulated administrators, and that they could reap huge profits by nudging it fractions

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